Invoice Interface activity interfaces price adjustment information to Oracle Receivables. You have an option to print detail discount information.
You need to set profile option OM: Show Discount Details on Invoice to YES to print detail discount information on the invoice. The discount information gets printed on a separate invoice lines from the order information. The product line and the associated discount lines roll into the same revenue account.
Discount lines in the invoices include:
- Discount Name: Displayed in the description field
- Discount Amount: Displayed in negative quantity
• Description = Item A
• Quantity = 2
• Unit Price = 100
• DiscountName1 = 10%
• DiscountName2 = 15%
The table below lists example order line details and what will be displayed on a Oracle Receivable invoice for the data listed above
Now, suppose the profile option OM: Show Discount Details on Invoice is set to NO. No detail information relating to discounts will be displayed on the Oracle Receivables invoice, but you will be able to view the Amount Paid per invoice Line. The table above lists example order line details and what will be displayed on a Oracle Receivable
invoice for the example data listed above.
Invoice Discountingis helpful for business expansion, and most of the large sized companies have already been practicing this procedure to minimize the overall expenditure.